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What is the total value of Income for Surcharge Purposes' used to determine the Medicare Levy Surcharge rate applicable to Ruth for the 2020-2021 income

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What is the total value of Income for Surcharge Purposes' used to determine the Medicare Levy Surcharge rate applicable to Ruth for the 2020-2021 income year? $213,399 $98,799 $99,400 $214,000 $215,400 All of the facts in this scenario relate to the 2020-2021 income year of Ruth Forrest, aged 36. Ruth is married to Tom Forrest. Ruth and Tom are Australian resident individuals. Both are employed by The University of Queensland. This is the summary of the Single Touch Payroll data that The University of Queensland uploaded to their individual ATO profiles: Gross salary PAYG withheld and remitted to the ATO Reportable fringe benefits Ruth $98,000 $28,654 $1,400 Tom $116,000 $23,900 $0 This is the other information relevant to Ruth's 2020-2021 income year: Ruth and Tom do not have private health cover. . Tom has no other assessable income or deductions. Ruth's HELP debt balance from her undergraduate journalism studies totals $12,500. On 1 July 2020 Ruth borrows $30,000 from her bank to purchase 320 Commonwealth Bank shares. During the 2020-2021 income year, she pays $1,950 in interest on this loan. Ruth receives the following dividend advice statement from the Commonwealth Bank: Commonwealth Bank Ltd Dividend advice statement Ruth Forrest Security holder reference number Dividend payment date 1 Australia Street, St Lucia, QLD, 4067 699 234 678 30 April 2021 Interim Fully franked dividends for the period ending 31 December 2020 Franked at a tax rate of 30% Class Dividend rate per Number of Franking Unfranked Franked description ordinary share ordinary shares credits amount amount Ordinary 295 cents $404.57 $0 $944.00 shares TFN quoted Dividend paid into security holder's nominated bank account $944.00 320

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